ANSYS, Inc. Announces Increase to Authorized Share Repurchase Program

PITTSBURGH, Feb. 27, 2012 — (PRNewswire) —  ANSYS, Inc. (NASDAQ: ANSS) today announced that its Board of Directors has approved an increase to its authorized share repurchase program to a total of up to 3 million shares. 

"This increase to the number of shares authorized for repurchase reflects our commitment to the creation of long-term stockholder value," said Jim Cashman, president and chief executive officer.

Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices.  The actual timing, number and value of shares repurchased under the program will be determined by management in its discretion and will depend on a number of factors, including, among others, the availability of stock, general market and business conditions, the trading price of the stock and applicable legal requirements.  The Company has no obligation to repurchase any shares under the authorization, and the repurchase program may be suspended, discontinued or modified at any time for any reason.

About ANSYS, Inc.

ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations -- no matter their industry -- to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,200 professionals, many of them expert in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, U.S.A., ANSYS has more than 60 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.

Financial: ANSS-F

SOURCE ANSYS, Inc.

Contact:
ANSYS, Inc.
Investors, Annette Arribas, CTP
Phone: +1-724-514-1782
Email Contact
Media, Fran Hensler
Phone: +1-724-514-2967
Email Contact
Web: http://www.ansys.com




Review Article Be the first to review this article

Harris

Featured Video
Jobs
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Product Manager for CHA Consulting, Inc. at Boston, Massachusetts
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
2nd WY UAV Symposium at UW Convention Center 2229 Grand Ave LARAMIE WY - May 30 - 31, 2018
Locate 2018 at Pier 27, The Embarcadero San Francisco CA - May 30 - 31, 2018
GeoIntelligence Asia at NEW DELHI India - Jun 4 - 5, 2018
SPAR 3D & AEC Next Technology Expo + Conference at Anaheim Convention Center Anaheim CA - Jun 5 - 7, 2018
University of Denver GIS Masters Degree Online
Bentley: -YII 2018 Awards



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise